Today is 05/07/2025
| Imported Soybean Crushing Margins - 25/11/2019 | |||||||||||
| Products | Delivery | CBOT | CNF China | Duty-paid RMB/MT | DCE Soybean Meal | DCE Soybean Oil | DCE Gross Margin | Var. | SM | SO Spot | SCM |
| USD/MT | Spot | ||||||||||
| Soybean, US Gulf | Dec | 897 | 402 | 4,177 | 2,878 | 6,360 | -695 | 29 | 3,005 | 6,560 | -557 |
| Jan, 2020 | 897 | 402 | 4,182 | 2,878 | 6,360 | -700 | 29 | 3,005 | 6,560 | -562 | |
| Soybean, US PNW |
Dec | 897 | 395 | 4,106 | 2,878 | 6,360 | -624 | 18 | 3,005 | 6,560 | -486 |
| Soybean, Brazil | Dec | 897 | 404 | 3,267 | 2,878 | 6,360 | 279 | 22 | 3,005 | 6,560 | 419 |
| Jan, 2020 | 897 | 402 | 3,253 | 2,878 | 6,360 | 293 | 25 | 3,005 | 6,560 | 433 | |
| Feb, 2020 | 911.25 | 392 | 3,175 | 2,753 | 6,386 | 277 | 18 | 3,005 | 6,560 | 511 | |
| Mar, 2020 | 911.25 | 388 | 3,146 | 2,753 | 6,386 | 306 | 27 | 3,005 | 6,560 | 540 | |
| Apr, 2020 | 925 | 389 | 3,165 | 2,753 | 6,386 | 287 | 20 | 3,005 | 6,560 | 521 | |
| May, 2020 | 925 | 390 | 3,174 | 2,753 | 6,386 | 278 | 25 | 3,005 | 6,560 | 512 | |
| Jun, 2020 | 937 | 395 | 3,209 | 2,816 | 6,334 | 282 | 12 | 3,005 | 6,560 | 477 | |
| Soybean, Argentina | Dec | 897 | 394 | 3,192 | 2,878 | 6,360 | 226 | 15 | 3,005 | 6,560 | 363 |
| May, 2020 | 937 | 381 | 3,101 | 2,753 | 6,386 | 223 | 14 | 3,005 | 6,560 | 454 | |
| Remarks: 1. SM Spot: soybean meal spot price; SO spot: soybean oil spot price, SCM: spot crushing margin. 2. CBOT Price is the closing price last night, and DCE Price is the intraday price at about 11:12 a.m.. 3. DCE crushing margin and spot crushing margin are both gross margins with labour fee. The net margins can be calculated by deducting 150 RMB/tonne, but there may be some difference in cost due to the factory scale. 4. U.S. soybean is posed with an additional tariff of 25% since July 6th, 2018.；U.S. soybean is posed with an additional tariff of 5% since Sept 1th, 2018. |
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